New flats rent for $4,200/mo

General Manager V. Selvan-antham said the 26 units in Building One which was opened at the celebration were fully furnished with a telephone, fax, TV, kitchenware etc. He added that the apartments would only be rented out to guests on a six-month minimum basis.

He said 25 of the units had already been reserved, mainly by embassy and UNDP staff, and Building Two consisting of another 24 units would be opened in mid October.

Prices for the apartments range from $3,900 to $4,200 per month depending on floor space, and 5 to 20 percent discounts are available for guests who pay in advance.

Selvanantham said $6 million was invested in the construction of the complex which is located on Norodom Boulevard about 200 meters south of the Independence monument. Embassy Place is managed by Accor Asia Pacific, the same group which manages the Cambodiana Hotel. The Cambod-iana will offer special catering services to Embassy Place guests

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